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					Business Incorporation : Why & How?




       CompaniesInn®  Incorporation Simplified ®

    CompaniesInn.com India Private Limited
      | Bangalore | Chennai | Delhi |Kochi |Mumbai |


                  www.companiesinn.com
Different Kinds Business Organizations
• Sole Proprietorship

  It is the oldest form of business in the world. It is nothing but a
  person doing his business either in his name or some other name.

• Partnership

  A partnership is an agreement in which two or more persons combine
  their resources in a business with a view to making a profit



  Sole Proprietorship and Partnership are un incorporated
                       business forms.

                    What is your Business Form?
                                                           Incorporation Simplified®
Different Kinds Business Organizations (Contd..)
• Limited Liability Partnership (LLP)

  LLP is the new incorporated business from started in India. It is a
  Body Corporate having the features of a Partnership Firm and a
  Limited Company.

• Limited Company

  Company is an incorporated business form with liability of
  shareholders limited to the shares taken from the company.
  Company is managed by board of directors elected by shareholders.

LLP and Limited Company are Incorporated business forms.
                    What is your Business Form?
                                                           Incorporation Simplified®
Why to Incorporate?

• Personal Assets are protected from Business Losses

  Incorporated business being separate legal entities,
  personal assets of the promoters are not exposed for
  business Losses.

  In case of unincorporated business organisation such as
  Sole Proprietorship / Partnership, promoters are liable to
  mitigate business losses from personal assets.



              Why to Incorporate your Business?
                                                  Incorporation Simplified®
Other Advantages of Incorporation (Contd..)
   •Limited Liability

   •Perpetual Succession

   •Transferability of Ownership / Interest

   •Separate Property

   •Financing the operation – Better Credit worthiness

   •Capacity to sue

   •Governance and disclosure norms



                  What is your Business Form?
                                                    Incorporation Simplified®
                  LIMITED COMPANY

Types of Limited Companies

A. Private Company

   A company formed by minimum two persons as shareholders
   having the following features:

       Name of the company ends with the words 'Private Limited'
       Minimum paid up capital INR 100000
       Minimum Two Directors
       Maximum number of members is limited to 50
       Restriction for transfer of shares
       Prohibits invitation to public to subscribe its shares
       Prohibits acceptance of deposit from the public.

                 Kinds of Incorporated Business
                                                       Incorporation Simplified®
                    LIMITED COMPANY
Types of Limited Companies (Contd..)

B. Public company

A company which is not a Private Company.

       Name of the company ends with the words ‘Limited'
       Minimum paid up capital INR 500000
       Minimum Three Directors
       Maximum number of members is unlimited
       No Restriction for transfer of shares
       Subject to legal restrictions, it can issue shares to public and
       accept deposit from the public.



                  Kinds of Incorporated Business
                                                             Incorporation Simplified®
   LIMITED LIABILITY PARTNERSHIP (LLP)

Limited Liability Partnership (LLP) is a new kind of
Business organisation in India, which combine features of
partnership and company form of business.

LLP is an alternative corporate business form that gives the
benefits of limited liability of a company and the flexibility
of a partnership.




                Kinds of Incorporated Business
                                                  Incorporation Simplified®
How to Incorporate a Company?

Basic requirements for registering a limited company are as follows:

Requirements / Category                     Private          Public

Shareholders / Promoters                       2                7
Directors                                      2                3

Authorised Capital                        INR 100,000     INR 500,000


   Shareholders can be Individuals (Indian / Foreign Nationals),
   Corporate Bodies registered India / Abroad under relevant Laws.
   Only Individuals can become Directors


                     How to Incorporate a Company?
                                                           Incorporation Simplified®
How to Incorporate a Company?

Other Requirements:

   Proposed Directors should have a valid Directors Identification
   Number (DIN)

   One of the Promoter / Director Should have a valid Digital
   Signature Certificate (DSC) issued by a Certifying Authority in
   India.

   If there are foreign Nationals and Companies as Promoters,
   requirements of Foreign Direct Investment Guidelines issues by
   Reserve Bank of India should be complied with.


                  How to Incorporate a Company?
                                                          Incorporation Simplified®
Company Incorporation Process

1. Obtaining DIN

Submit any of the following ID/ Address Proof documents to CompaniesInn
      Documents                         Identity Proof       Address Proof
      Passport                                √                      √
      Driving License                         √                      √
                                                                     √
      Voters ID                               √
                                                            (if DOB is available)

      PAN                                     √                      ×
      Telephone / Utility Bills               ×                      √
      Bank Statement                          ×                      √
      Bank Pass Book (with Photo)             √                      √

Note: In Case of Non Indian National, Copy of Passport is mandatory.


                          How to Incorporate a Comapny?
                                                                  Incorporation Simplified®
Company Incorporation Process (Contd..)

2.   Name Application
     Company Name should be selected as per Guidelines issues by Ministry of
     Corporate Affairs and an application to be filed.


3.   Drafting and Execution of Incorporation Documents
     Memorandum of Association (MOA) and Articles of Association (AOA)
     should be drafted and executed for filing


4.   Filing of Incorporation Documents with Registrar
     File the incorporation documents online via www.mca.gov.in


5.   Registrar of Companies will issue the Certificate of Incorporation.

                     How to Incorporate a Comapny?
                                                                  Incorporation Simplified®
How to Incorporate a LLP?

Basic requirements for registering a LLP are as follows:

Requirements / Category                                     Private

Promoters / Partners                                           2
Designated Partners                                            2

Minimum capital Contribution                                 NA


   Partners can be Individuals Corporate Bodies registered India / Abroad
   under relevant Laws.
   Only individuals can become Designated Partner of an LLP. At least
   one of them should be residing in India.

                       How to Incorporate a LLP?
                                                                   Incorporation Simplified®
How to Incorporate a LLP? (Contd..)

Other Requirements:

   Proposed Directors should have a valid Designated Partners
   Identification Number (DPIN)

   All the Designated Partners should have a valid Digital Signature
   Certificate (DSC) issued by a Certifying Authority in India.

Note:   It is important to note that the Govt. of India has not prescribed
        the Foreign Direct Investment Guidelines for LLP. So, we advise
        to Incorporate a Limited Company if there is Foreign investment
        proposed.


                      How to Incorporate a LLP?
                                                             Incorporation Simplified®
LLP Incorporation Process

1. Obtaining DPIN

Submit any of the following ID/ Address Proof documents to CompaniesInn


      Documents                           Identity Proof    Address Proof
      Passport                                  √                   √
      Driving License                           √                   √
                                                                    √
      Voters ID                                 √
                                                           (if DOB is available)

      PAN                                       √                   ×
      Telephone / Utility Bills                 ×                   √
      Bank Statement                            ×                   √
      Bank Pass Book (with Photo)               √                   √



                             How to Incorporate a LLP?
                                                                Incorporation Simplified®
LLP Incorporation Process (Contd..)

2.   LLP Name Application
     LLP Name should be selected as per Guidelines issues by Ministry of
     Corporate Affairs and an application to be filed.


3.   Drafting and Execution of Incorporation Documents
     Incorporation Documents to be drafted and executed for filing

4.   Filing of Incorporation Documents with Registrar
     File the incorporation documents online via www.llp.gov.in


5.   Registrar of LLP will issue the Certificate of Incorporation.


                        How to Incorporate a LLP?
                                                                  Incorporation Simplified®
Other Statutory Registrations to start Business:

A. Tax Numbers
   Company / LLP has to apply for Permanent Account Number (PAN) and Tax
   Account Number (TAN)

B. Service Tax Registration
   If the Company / LLP is providing any service that attracts Service Tax,
   Service tax Registration should be obtained if the turnover crosses Rs.10
   Lakhs in a financial year.

C. VAT (Value Added Tax) Registration
    If the Company / LLP is in to export / import, buying and selling of goods,
   VAT Registration to be obtained from the concerned State, if the turnover
   from taxable goods crosses Rs.2 Lakhs in a financial year.




          Any Other Registrations before starting Business?
                                                                  Incorporation Simplified®
Other Statutory Registrations to start Business (Contd..)

C. Import & Export Code Number (IE Code)
   If the Company / LLP is in to export /Import of goods, IE Code must be
   obtained.

B. Shops and Establishment Registration
   Immediately after starting an office, Shops and Establishment registration to
   be obtained by Company / LLP

C. Professional Tax Registration
   It is labour law registration and is required immediately after setting up an
   office.




           Any Other Registrations before starting Business?
                                                                   Incorporation Simplified®
CompaniesInn Services:

We Provide end to end Services for:

1.   Company Registration - Anywhere in India
2.   LLP Registration - Anywhere in India
3.   Trade Mark Registration
4.   Service Tax / VAT / IE Code / Shops and Establishment / Professional
     Tax Registration in select Cities
5.   Registered Office Services in select Cities
6.   Corporate Secretarial Services for Company / LLP through our
     associate firm ‘CN Partners Consultants LLP’
7.   Accounting and Taxation Services for Company / LLP through our
     associate firm ‘CN Business Solutions LLP’




                  What CompaniesInn can do for you?
                                                             Incorporation Simplified®
Why CompaniesInn?
 Experienced Team
 Our experienced team of Company Secretaries, Chartered Accountants and Corporate
 Lawyers have the expertise to handle any assignment for setting up a business in India.

 All inclusive Low Cost
 Our services are priced attractively to meet the requirements of a budding
 entrepreneur. Moreover, our prices are pre defined and there is no hidden charges.

 All services in one roof
 Our clients need not look any other agency for connected services. CompaniesInn
 directly or through our associates, will ensure the delivery of service at any location in
 India.

 Continued Support
 Our associate firms, CN Partners Consultants LLP / CN Business Solutions LLP
 will ensure timely compliance of your Corporate Secretarial, Accounting and Taxation
 requirements at an affordable price.



                              Why ComapniesInn?
                                                                          Incorporation Simplified®
Who We are

 We, www.companiesinn.com are the first online Incorporation Portal in
 India.

 We have registered the First LLP in India online through www.llp.gov.in

 CompaniesInn is a team of Company Secretaries, Chartered Accountants
 and Corporate Lawyers and having over 10 years experience in business
 setup and support services and consulting.

 We have helped over 1000 Companies and 300 LLP’s in the last 3 years
 setting up of their business.

 Our vast experience in business setup services ensures the delivery of service
 on time at an affordable price.


                              Who We are?
                                                                Incorporation Simplified®
                   Our Mission


 “Simplifying the business incorporation process
 keeping high professional standards to enable an
  Entrepreneur to establish the dream to a realty
complying all the legal requirements in India at an
                 affordable price”




                    Our Mission
                                          Incorporation Simplified®
                         For more information, contact our
                           IncorporationKiosk @
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                        CompaniesInn.com India Private Limited
   # 48, 2nd Block, 100Ft Road, Opp. Kendriya Sadan, Koramangala , Bangalore—560 034
                             +91 96633 29656; +91 80 3025 5901
                              Email: info@companiesinn.com
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       Email: chennai@companiesinn.com                    Email: delhi@companiesinn.com
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        Email: kochi@companiesinn.com                    Email: mumbai@companiesinn.com




                           Incorporation Simplified !
                                                                               Incorporation Simplified®

				
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